Half of the leading 20 exchange-traded funds (ETFs) in the United States are associated with digital assets, highlighting the sector’s increasing attractiveness to investors.On Monday, ETF analyst Nate Geraci mentioned more than 1,300 ETFs have been introduced since the beginning of 2024, with crypto-linked assets dominating the top 20 investment vehicles in terms of inflows.These encompass Bitcoin (BTC) and Ether (ETH) ETFs, funds tracking leveraged ETH positions, and Strategy (MSTR) exposure products.Geraci shared insights revealing that the top four assets overall by inflows are crypto-related, including BlackRock’s iShares Bitcoin Trust ETF (IBIT), which is at the forefront with over $57.4…
Autore: wsjcrypto
“`html The Bank of the Philippine Islands (BPI), through its investment banking division BPI Capital Corp. (BPI Capital), further enhances its status as a leader in institutional banking with recent industry honors that showcase its dedication to sustainability, innovation, and providing transformative financial solutions. The Bank received the following industry accolades for its leadership and proficiency in executing several landmark and high-profile transactions: 1. Asian Banking & Finance Corporate and Investment Banking Awards Mergers and Acquisition Deal of the Year for I Square Capital’s successful procurement of Philippine Coastal Storage and Pipeline Corporation Blue Bond of the Year for Maynilad’s…
“`html The value of Bitcoin surpassed $122,286 today as a significant new investor approaches entering the market. All attention is on Nakamoto Holdings Inc., the Bitcoin-centric holding entity expected to finalize its long-awaited consolidation with healthcare provider KindlyMD (NASDAQ: NAKA). Following the completion of the consolidation, Nakamoto will be authorized to start acquiring bitcoin with over $760 million in funds. The firms announced on July 22 that they have submitted a definitive information statement to the U.S. Securities and Exchange Commission, representing the final hurdle before closure. “Submitting the definitive information statement is a pivotal achievement for this consolidation and…
Ethereum core developer Federico Carrone, recognized as “Fede’s Intern” on X, verified that he has been freed after a 24-hour detention in Turkey regarding purported associations with an Ethereum privacy protocol.“I’m finally out, secure and liberated. There was a brief moment when things seemed quite dire, but with assistance from many, I was released,” Carrone stated in a post on X on Monday.As per Carrone, Turkey’s Minister of Internal Affairs accused him of “aiding others in misusing Ethereum” in connection with a privacy protocol. Carrone asserts that this is linked to a January 2022 research document which evaluated user privacy…
“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Bitcoin (BTC) jumped beyond $122,000 on Monday, nearing 1% of its peak of $123,218. The surge has been driven by substantial inflows into spot Bitcoin ETFs, renewed institutional accumulation, and a favorable pro-crypto stance from the White House. During the past three trading days, U.S. spot Bitcoin ETFs attracted $773 million in net inflows, as per Farside Investors. BlackRock’s IBIT fund now possesses $80 billion in BTC, approaching the $94 billion held by the largest gold ETF. On the corporate side, Michael Saylor’s MicroStrategy indicated ongoing…
“`html By Luisa Maria Jacinta C. Jocson, Senior Journalist The Bangko Sentral ng Pilipinas (BSP) may potentially implement another rate reduction later this month, according to its chief official on Monday. BSP Governor Eli M. Remolona, Jr. indicated that a rate reduction is “quite probable” at the Monetary Board’s upcoming meeting on Aug. 28. To date, the central bank has reduced borrowing expenses by a total of 125 basis points (bps) since initiating its easing cycle in August of the previous year. Should the BSP decrease policy rates this month, it would signify its third consecutive rate cut. In June,…
“`html Ethereum’s latest upturn has propelled it beyond another benchmark, allowing the world’s second-largest cryptocurrency by market capitalization to surpass MasterCard in the global asset hierarchy. Related Reading As per information provided by Watcher Guru, Ethereum is now positioned at the 22nd rank, supported by a market cap of $507 billion. It is currently trading at $4,220, featuring a 24-hour trading volume of $53.50 billion, and the sentiment among traders has been leaning towards positivity. Ethereum Breaks Long-Term Technical Pattern Reports indicate that analyst Crypto Patel has noticed a breakout from a multi-year ascending triangle seen on Ethereum’s chart —…
“`html Perspective by: Andrei Grachev, managing partner at DWF LabsBitcoin’s significance in sovereign finance is no longer a matter of speculation.As countries reevaluate their reserve approaches in light of inflation, sanctions, and the instability of the dollar, cryptocurrency, particularly Bitcoin and stablecoins, is emerging as a neutral, programmable asset class with sovereign-level functionality.The attributes that cryptocurrency can offer retail users can also be translated to an enterprise and institutional context, where innovative businesses can incorporate it into their balance sheets and even utilize assets like BTC and stablecoins to facilitate B2B transactions. Blockchain treats all users equally and is beneficial…
The blockchain oracle platform Chainlink has teamed up with the US-based Fortune 500 firm Intercontinental Exchange (ICE) to incorporate foreign exchange and precious metals information onchain.Chainlink revealed on Monday that the partnership will integrate ICE’s Consolidated Feed, which consolidates market information from over 300 global exchanges and marketplaces, into the derived data sets that drive Chainlink Data Streams.As per Chainlink, these feeds benefit more than 2,000 decentralized applications (DApps) and prominent financial entities to deliver essential market data required for functioning in tokenized ecosystems.This collaboration represents a significant advancement in assimilating traditional market infrastructure into the blockchain framework.Improving the precision…
“`html In a significant development for the nation’s regulated online gambling industry, a coalition of licensed operators has today announced the establishment of the PlaySafe Alliance of the Philippines, a consolidated industry group dedicated to responsible gambling, regulatory adherence, consumer safety, and addressing illegal gambling. The alliance, made up of 19 founding entities, was officially contracted during an initialing event held at Ascott Bonifacio Global City, Taguig. Its Interim Council is comprised of licensed online gambling firms 1) DigiPlus Interactive Corp. (BingoPlus, ArenaPlus, GameZone); 2) World Platinum Technologies, Inc. (KingPH, LuckyPH, QueenPH); 3) Trojans Well Entertainment Corp. (Bet88); 4) Gavin…